Property BUYING ADVICE
Modest drop in house prices
Halifax records a slight drop in prices in March, which it blames on the stamp duty threshold changes that started in April. UK house prices fell slightly by 0.5% in March, compared to 0.2% in February, according to Halifax. The lender’s latest House Price Index...
Demand for larger houses fuels growth in property prices
Detached homes have increased in value by more than £100,000 over the past five years, while flats are currently lagging behind. The demand for bigger homes with more space has driven property prices up over the past year, according to analysis based on data from the...
House prices remain stable in February
The average UK house price held steady throughout February, with annual growth remaining unchanged from January. According to the latest House Price Index from Halifax, the average UK house price has remained stable throughout February 2025. House prices dipped by...
House price growth subdued, but activity remains robust
After a fast start to the year, February’s price increase is muted as new sellers lower price expectations. While the past month has still seen a rise in house prices, it’s certainly modest for this time of year, at just 0.5%. This brings the average price of a...
Base rate held at 4.75%
Base rate is unchanged in December’s review, possibly due to inflation creeping up again in November. The Bank of England has today voted to keep the base rate at 4.75%. While many might have hoped for another rate cut following November’s reduction from 5%, inflation...
UK mortgage market predicted to grow next year
Gross mortgage lending is forecast to rise by 11% as affordability improves, and steady growth is predicted for 2025. UK Finance has recently released its latest housing and mortgage market forecasts, which project continued growth throughout 2025. The forecasts...
House prices rising and set to keep increasing
Experts predict a significant growth of almost 25% in the housing market by 2029. House prices increased by 0.2% in October – a fourth consecutive monthly rise – according to the Halifax House Price Index. This has brought the annual growth rate to 3.9%, slightly...
August house sales up by 10%
UK residential sales were higher than during the same period last year. According to Propertymark’s Housing Insight Report for August 2024, UK residential sales transactions were almost 10% higher than for the same period in 2023. Key statistics from the report...
New Towns offer affordable housing with strong growth potential
According to latest analysis conducted by Halifax, New Towns offer homeowners the potential to benefit from significant price growth, as well as being a great stepping stone for first-time buyers. With the government’s plan to build 1.5 million new homes in England...
What’s the difference between a valuation and a survey?
Not sure the best way to discover the true condition of your dream property? Then read on as we explain the difference between a valuation and a survey and why the latter is beneficial. If you’re buying a property for the first time, the checklist of things to do can...